Global ETP News

China stimulus unleashes ETF buying spree in US and Europe

October 10, 2024-A scramble for Chinese equities united the global investment industry last month, just as attitudes towards European and Japanese stock markets became heavily bifurcated along geographical lines.

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Goods barometer rises above trend, signalling upturn in trade volume

September 4, 2024--Global goods trade has continued to recover in the third quarter of 2024 after demand for traded goods stalled in 2023 amid high inflation and rising interest rates, according to the latest WTO Goods Trade Barometer.

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Shenzhen and Dubai Forge Stronger Financial Ties with New Cross-Border ETF Agreement

September 3, 2024--The Shenzhen Stock Exchange and Dubai Financial Market recently signed a memorandum of understanding (MOU) to enhance cross-border investing between China and the United Arab Emirates (UAE), with a focus on exchange-traded funds (ETFs), per reporting by the Financial Times. This partnership marks a significant step in the growing financial relationship between China and the Middle East.

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WTO launches new interactive tool "World Trade Statistics 2023-Key insights and trends"

July 31, 2024--The WTO issued on 31 July "World Trade Statistics 2023", a new interactive tool presenting key data and trends for international merchandise and commercial services trade in 2023. The digital platform allows users to view the latest trends in world trade, in terms of both value and volume, using filters to display the data by economy, region, selected grouping, product group and services sector.

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IMF-The Global Economy in a Sticky Spot-Global growth broadly unchanged amid persistent services inflation

July 23, 2024--Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025.
Services inflation is holding up progress on disinflation, which is complicating monetary policy normalization.

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ETFGI reports assets invested in the global ETFs industry reached a new record high of 13.14 trillion US Dollars at the end of June

July 17, 2024--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem,reported today the global ETFs industry gathered US$136.17 billion in net inflows in June 2024, bringing year to date net inflows to a record US$730.36 billion, according to ETFGI's June 2024 global ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted)

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Tide Capital: Is the Market Bottoming Out After July's Plunge?

July 15, 2024--Abstract
The German government has transferred all seized Bitcoins to exchanges, with the sell-off largely absorbed. Concurrently, Bitcoin spot ETFs saw significant net inflows in July, indicating U.S. investors are buying the dip. The Nasdaq continues to hit new highs, favoring risk assets. We believe BTC will rebound once market sentiment stabilizes.

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BlockScholes X Bybit Crypto Derivatives Analytics Report Reveals Investors More Bullish on ETH Than BTC

July 15, 2024--Bybit, the world's second-largest cryptocurrency exchange by trading volume, in partnership with BlockScholes, has released its latest < a href="https://learn.bybit.com/crypto-insights/crypto-derivatives-analytics-report-july-15/" TARGET="_blank">Crypto Derivatives Analytics Report, highlighting a notable divergence in investor sentiment between Ethereum (ETH) and Bitcoin (BTC).

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The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of major elections this year could roil global financial markets

June 30, 2024--Dubbed the central bankers' central bank, the BIS said the world economy was on course for the "smooth landing" that many economists doubted when interest rates shot up, but said policymakers, especially politicians, needed to be careful.

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BIS Annual Economic Report 2024

June 30, 2024--Introduction
So far, so good. The world economy appears to be finally leaving behind the legacy of the Covid-19 pandemic and the commodity price shock of the war in Ukraine. The worst fears did not materialise. On balance, globally, inflation is continuing to decline towards targets, economic activity and the financial system have proved remarkably resilient, and both professional forecasters and financial market participants see a smooth landing ahead.

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G20 GDP growth picks up a little in the first quarter of 2024

June 12, 2024--Gross domestic product (GDP) in the G20 area grew by 0.9% quarter-on-quarter in the first quarter of 2024 according to provisional estimates, slightly up from 0.7% in the previous quarter.
The economic performance of the G20 area was mainly driven by China and India in Q1 2024.[1] Both countries, along with Turkiye, Saudi Arabia, Korea and Indonesia recorded higher GDP growth than the G20 as a whole.

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Bassanese Bites-Breather

May 26, 2024--Global markets-week in review
After four consecutive weekly gains, global equities took a breather last week with the S&P 500 inching ahead only 0.03%. Firm US service sector data and "high for longer" Fed rhetoric saw traders take profits in both the bond and equity markets after recent gains.

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ETFs shift from 'core' to 'satellite' in portfolios

May 23, 2024-- BBH survey indicates the funds are increasingly vehicles of choice for active strategies and tactical short-term use

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Amundi ETF Market Strategy-Weekly Pulse

May 17, 2024--Risk assets extended gains and hovered near record highs. A further deceleration in inflation revived hopes that both the US Federal Reserve and the European Central Bank (ECB) are heading closer to a pivot in monetary policy.
Treasuries rallied across the board and the US dollar weakened. Flows were primarily directed into government bond exposures and high yield debt.

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ETF buying nearly halves in April as US rate cut hopes recede

May 9, 2024--Aversion to risk spurs sharp fall to equity ETFs while government bond ETF flows tick up
Investors pulled in their horns in April as diminishing prospects for near-term US interest rate cuts drove a broad aversion to risk, global data on exchange traded fund flows indicate.

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Global Commodity Prices Level Off, Hurting Prospects for Lower Inflation

April 25, 2024--Major flare-up in Middle-East conflict could stoke global inflation
Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall inflation last year, which could make it harder for central banks to cut interest rates quickly, according to the World Bank's latest Commodity Markets Outlook. The report also finds that a major outbreak of conflict in the Middle East could halt the inflationary decline that has occurred over the past two years.

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China continues to dominate an expanded BRICS

April 12, 2024--In Brief
China's economic size and increasing assertiveness in foreign policy give it a dominant position in BRICS, which is reflected in intra-bloc trade flows and in the bloc's foreign policy positions. The future of BRICS is uncertain given its heavy dependence on China's economic future and the deteriorating sentiment towards China among its members. India's fast growth and increasing geopolitical heft also pose a challenge for the continuation of BRICS as a China-centric grouping.

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Trade growth likely to pick up in 2024 in spite of challenging environment

April 12, 2024--The latest edition of the WTO's "Global Trade Outlook and Statistics" foresees a gradual recovery in world merchandise trade volume in 2024 and 2025. This follows a contraction in 2023 driven by the lingering effects of high energy prices and inflation in advanced economies, particularly Europe. So, what does our forecast indicate?

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WTO forecasts rebound in global trade but warns of downside risks

April 10, 2024--Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation, WTO economists said in a new forecast on 10 April. The volume of world merchandise trade should increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023. However, regional conflicts, geopolitical tensions and economic policy uncertainty pose substantial downside risks to the forecast.

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Emerging Markets Are Exercising Greater Global Sway

April 9, 2024--Policymakers must be ready to manage greater spillovers to the global economy as emerging markets' influence grows
The global economy is increasingly influenced by the Group of Twenty's large emerging markets. Over the past two decades, these economies have become much more integrated with global markets and are generating larger economic "spillovers" to the rest of the world.

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Rising Cyber Threats Pose Serious Concerns for Financial Stability

April 9, 2024--Greater digitalization and heightened geopolitical tensions imply that the risk of a cyberattack with systemic consequences has risen
Cyberattacks have more than doubled since the pandemic. While companies have historically suffered relatively modest direct losses from cyberattacks, some have experienced a much heavier toll.

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Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch

April 8, 2024--Rapid growth of this opaque and highly interconnected segment of the financial system could heighten financial vulnerabilities given its limited oversight
The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, topped $2.1 trillion globally last year in assets and committed capital.

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Housing is One Reason Not All Countries Feel Same Pinch of Higher Interest Rates

April 8, 2024--Effects may be delayed in some countries: if interest rates remain higher for longer, homeowners will likely feel their effects as mortgage rates adjust
Central banks have raised interest rates significantly over the past two years to combat post-pandemic inflation. Many thought this would lead to a slowdown in economic activity. Yet, global growth has held broadly steady, with deceleration only materializing in some countries.

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Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch

April 8, 2024--Rapid growth of this opaque and highly interconnected segment of the financial system could heighten financial vulnerabilities given its limited oversight
The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, topped $2.1 trillion globally last year in assets and committed capital.

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IMF Working Paper-Changing Global Linkages: A New Cold War?

April 5, 2024--Summary:
Global linkages are changing amidst elevated geopolitical tensions and a surge in policies directed at increasing supply chain resilience and national security. Using granular bilateral data, this paper provides new evidence of trade and investment fragmentation along geopolitical lines since Russia's invasion of Ukraine, and compares it to the historical experience of the early years of the Cold War.

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IMF-Gender and Business Cycles

April 4, 2024-This note reviews the literature on the complex relationship between gender and business cycles. It focuses on nuanced patterns that challenge the notion of gender neutrality in economic fluctuations.

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Cboe Global Listings Reaches New Milestone Surpassing 1,000 ETFs Listed Across its Global Network

April 2, 2024--Latest milestone marks continued progress in Cboe's mission to build a global listings network and expand the investable universe for investors
Cboe welcomed 106 new ETF securities across its global network of listings exchanges in the first quarter of 2024
More than 120 issuer partners currently list ETF products on Cboe's global network of stock exchanges in the U.S., Canada, UK, European Union, and Australia

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The Fiscal and Financial Risks of a High-Debt, Slow-Growth World

March 28, 2024-Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term fiscal trends and financial stability
Inflation-adjusted interest rates are well above post global financial crisis lows, while medium-term growth remains weak. Persistently higher interest rates raise the cost of servicing debt, adding to fiscal pressures and posing risks to financial stability.

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IMF Working paper-Global Value Chain and Inflation Dynamics

March 22, 2024-Summary:
We study the inflationary impacts of pandemic lockdown shocks and fiscal and monetary stimulus during 2020-2022 using a novel harmonized dataset of sectoral producer price inflation and input-output linkages for more than 1000 sectors in 53 countries. The inflationary impact of shocks is identified via a Bartik shift-share design, where shares reflect the heterogeneous sectoral exposure to shocks and are derived from a macroeconomic model of international production network.

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World Happiness Report 2024: Most comprehensive picture yet of happiness across generations

March 20, 2024-Fresh insights from the World Happiness Report 2024, released today (March 20), paint the richest picture yet of happiness trends across different ages and generations.
The findings, announced today to mark the UN's International Day of Happiness, are powered by data from the Gallup World Poll and analysed by some of the world's leading wellbeing scientists.

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World Happiness Report 2024: Most comprehensive picture yet of happiness across generations

March 20, 2024--Fresh insights from the World Happiness Report 2024, released today (March 20), paint the richest picture yet of happiness trends across different ages and generations.
The findings, announced today to mark the UN's International Day of Happiness, are powered by data from the Gallup World Poll and analysed by some of the world's leading wellbeing scientists.

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World Happiness Report 2024: Most comprehensive picture yet of happiness across generations

March 20, 2024--Fresh insights from the World Happiness Report 2024, released today (March 20), paint the richest picture yet of happiness trends across different ages and generations.
The findings, announced today to mark the UN's International Day of Happiness, are powered by data from the Gallup World Poll and analysed by some of the world's leading wellbeing scientists.

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JPMorgan Asset Management plans to manage $1 trillion in active exchange-traded funds within five years

March 19, 2024--March 19, 2024--JP MORGAN Asset Management (JPMAM) chief executive George Gatch has set an ambitious target to expand assets in the group's active exchange-traded funds (ETF) business by more than five times to US$1 trillion in five years, from the current US$164 billion.

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Passive funds leave actives languishing

March 15, 2024--Assets in US index-trackers now outstrip those in stock selectors as investors opt for a smoother ride
Water can dramatically change the landscape, as the slow but steady process of erosion creates cliffs, caves and oxbow lakes.
A similarly remorseless transformation has been occurring in the fund management industry as active managers (those who like to select stocks) have been outcompeted by passive managers (those who track an index).

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Impact Investing Market Forecast to Reach $1061.14 Billion by 2028-In-Depth Research Report Released

March 12, 2024--The "Impact Investing Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The impact investing market has been witnessing exponential growth, fueled by increasing demand for sustainable investment opportunities and the strategic development of ESG-compliant products.

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How Inflation Radically Changes Economic Ideas

March 7, 2024-Inflation teaches us that supply, not demand, constrains our economies, and government borrowing is limited
The unexpected resurgence of inflation is a slap in the face, telling us that the consensus ideas of economic policy are wrong and need to change. Fortunately the "new" ideas we need are well tested and sitting on the shelf.
Inflation comes when aggregate demand exceeds aggregate supply.

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Red Sea Attacks Disrupt Global Trade

March 7, 2024-In the first two months of 2024, Suez Canal trade dropped by 50 percent from a year earlier while trade through the Panama Canal fell by 32 percent, disrupting supply chains and distorting key macroeconomic indicators
In the past few months, global trade has been held back by disruptions at two critical shipping routes.

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Global Digitalization in 10 Charts

March 4, 2024---Digital technologies are transforming communications, business, health, education, finance, and more.
Yet there remains a multi-dimensional digital divide across countries, businesses, and individuals, which is compounding the development divide. Hospitals, schools, governments, and businesses cannot operate effectively and efficiently without digital tools.

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IMF Working paper-The Consequences of Falling Behind the Curve: Inflation Shocks and Policy Delays Under Rational and Behavioral Expectations

March 1, 2024-Summary:
Central banks in major industrialized economies were slow to react to the surge in inflation that began in early 2021. The proximate causes of this surge were the supply chain disruptions associated with the easing of COVID restrictions, fiscal policies designed to cushion the economic impact of COVID, and the impact on commodity prices and supply chains of the war in Ukraine. We investigate the consequences of policy delay in responding to inflation shocks.

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IMF Working Paper-Navigating the Evolving Landscape between China and Africa's Economic Engagements

February 28, 2024-Summary:
China and Africa have forged a strong economic relationship since China's accession to the WTO in 2001. This paper examines the evolution of these economic ties starting in the early 2000s, and the subsequent shift in the relationship triggered by the commodity price collapse in 2015 and by the COVID-19 pandemic.

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IMF Working Paper-Determinants of Zombie Banks in Emerging Markets and Developing Economies

February 23, 2024-Summary:
While deeply undercapitalized banks have been shown to misallocate credit to weak firms, the drivers of such zombie banks are less researched, particularly across countries. To furnish empirical evidence, we compile a dataset of undercapitalized banks from emerging markets and developing economies.

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Crypto exchange-traded products hit bull run levels with $67B AUM

February 20, 2024--Record year-to-date crypto product inflows, slowing outflows, and positive price action have made the perfect recipe for the swelling AUM.
A record week of inflows for crypto-derived exchange-traded products (ETPs) has pushed their combined assets under management (AUM) to levels not seen since the last bull market peak in 2021, according to CoinShares.

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Emerging Markets Navigate Global Interest Rate Volatility

January 31, 2024--Major emerging markets have shown resilience to global rate gyrations, but more challenging times could be ahead
Global interest rates in recent months have gone on a rollercoaster, especially those on longer-term government bonds. Yields on 10-year US Treasuries are climbing again after pulling back from a 16-year high of 5 percent in October. Interest rate moves in other advanced economies had been equally prodigious.

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Global Economy Approaches Soft Landing, but Risks Remain

January 30, 2024--Policy focus must shift to repairing public finances and improving medium-term growth prospects
The clouds are beginning to part. The global economy begins the final descent toward a soft landing, with inflation declining steadily and growth holding up. But the pace of expansion remains slow, and turbulence may lie ahead.
Global activity proved resilient in the second half of last year, as demand and supply factors supported major economies.

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Gen-AI: Artificial Intelligence and the Future of Work

January 14, 2024--Summary:
Artificial Intelligence (AI) has the potential to reshape the global economy, especially in the realm of labor markets. Advanced economies will experience the benefits and pitfalls of AI sooner than emerging market and developing economies, largely due to their employment structure focused on cognitive-intensive roles.

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Housing Affordability Remains Stretched Amid Higher Interest Rate Environment

January 11, 2024--Prospective home buyers face high prices and elevated borrowing costs, while homeowners refrain from listing their properties
As global central banks raised interest rates to tame inflation, home prices have cooled relative to the start of the hiking cycle.

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WEF-Global Risks Report 2024

January 10, 2024--Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025.
The Global Risks Report, developed in collaboration with Marsh McLennan and Zurich Insurance Group, explores some of the most severe risks we may face over the next decade, against a backdrop of rapid technological change, economic uncertainty, a warming planet and conflict.

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High demand for energy-related critical minerals creates supply chain pressures

January 10, 2024--Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars. Over the past 20 years, annual trade in energy-related critical minerals has increased from US$ 53 billion to US$ 378 billion. However, the high demand for clean technology goods is putting pressure on the supply chains for these minerals.

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Global Economy Set for Weakest Half-Decade Performance in 30 Years

January 9, 2024---As the world nears the midpoint of what was intended to be a transformative decade for development, the global economy is set to rack up a sorry record by the end of 2024-the slowest half-decade of GDP growth in 30 years, according to the World Bank's latest Global Economic Prospectsreport.
By one measure, the global economy is in a better place than it was a year ago: the risk of a global recession has receded, largely because of the strength of the U.S. economy. But mounting geopolitical tensions could create fresh near-term hazards for the world economy.

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Global Economy Set for Weakest Half-Decade Performance in 30 Years

January 9, 2024--Reforms to boost investment and strengthen fiscal policy could help turn the tide
As the world nears the midpoint of what was intended to be a transformative decade for development, the global economy is set to rack up a sorry record by the end of 2024-the slowest half-decade of GDP growth in 30 years, according to the World Bank's latest Global Economic Prospects report.

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ETF investors jumped into a host of lossmaking trades in 2023

January 8, 2024--The unusual behaviour hit returns but also challenges theory that buy-high-sell-low mentality tends to prevail
Exchange traded fund investors pumped money into a host of lossmaking trades last year while pulling money out of a range of better-performing assets.

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Protracted period of low growth looms large, undermining progress on sustainable development, warns UN flagship economic report

January 4, 2023-- Weakening global trade, high borrowing costs, elevated public debt, persistently low investment, and mounting geopolitical tensions put global growth at risk
Global economic growth is projected to slow from an estimated 2.7 per cent in 2023 to 2.4 per cent in 2024, trending below the pre-pandemic growth rate of 3.0 per cent, according to the United Nations World Economic Situation and Prospects (WESP) 2024, launched today. This latest forecast comes on the heels of global economic performance exceeding expectations in 2023.

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G20 trade policy direction becoming more restrictive amid continued slow trade growth

December 18, 2023--Trade measures introduced by G20 economies have become more restrictive in recent months, according to the 30th WTO Trade Monitoring Report on G20 trade measures issued on 18 December.

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IMF Working Papers-Fiscal Impacts of Climate Disasters in Emerging Markets and Developing Economies

December 15, 2023-Summary:
Climate-induced disasters are causing increasingly frequent and intense economic damages, disproportionally affecting emerging markets and developing economies (EMDEs) relative to advanced economies (AEs). However, the impact of various types of climate shocks on output growth and fiscal positions of EMDEs is not fully understood.

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Developing Countries Paid Record $443.5 Billion on Public Debt in 2022

December 13, 2023-Poorest countries face risk of debt crises as borrowing costs surge
Amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022, the World Bank's latest International Debt Report shows.

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Why Digital Trade Should Remain Open

December 13, 2023--Policymakers should consider the benefits of international rules that promote a predictable policy environment, including continued tariff-free digital imports
Digital trade, from software sales to streaming movies, plays a bigger role than ever in the global economy.

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IMF Working Paper-How Far Has Globalization Gone? A Tale of Two Regions

December 8, 2023--Summary:
We study the evolution of trade globalization in a set of countries in Latin America (mostly the largest ones) and Asia over the past 25 years. Relying on structural gravity models, we first estimate a proxy of trade globalization that captures the ease of trading internationally with respect to trading domestically. Results indicate that the evolution of trade globalization since the mid-1990s has been similar between the two regions, but very heterogeneous within them.

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IMF Working Papers-The Dark Side of the Moon? Fintech and Financial Stability

December 8, 2023-Summary:
Rapid advances in digital technology are revolutionizing the financial landscape. The rise of fintech has the potential to make financial systems more efficient and competitive and broaden financial inclusion. With greater technological complexity, however, fintech also poses potential systemic risks.

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IMF-History's Inflation Lessons by Ari and Ratnovski

December 1, 2023--A study of 100 inflation shocks since the 1970s provides valuable pointers for policymakers today
In the early 1970s, conflict in the Middle East set off a spike in oil prices that left central banks around the world scrambling to control inflation.

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IMF Working Papers-Housing Affordability: A New Dataset

December 1, 2023-- Summary:
The rapid increase in house prices in the past few years, including during the COVID-19 pandemic, raises concerns about housing affordability. The price-to-income ratio is a widely-used indicator of affordability, but does not take into account important factors such as the cost of financing.

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The AI Awakening

November 30, 2023--Generative AI has introduced tantalizing new possibilities. Yet the initial excitement surrounding AI has given way to genuine and growing concerns. This issue is an early attempt to understand AI's implications for growth, jobs, inequality, and finance.
Full disclosure: This issue of Finance & Development was produced entirely with human intelligence.

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Digital Technologies Fast Track Climate Solutions

November 29, 2023--Digital technologies are transforming the way the world works and addresses climate change, from cutting emission across industries, to facilitating greener transport networks and mitigating impacts with early warning systems. As governments are looking for solutions that match the urgency and scale of the climate crisis-digital technologies are a key tool in this effort.

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IMF Staff Climate Note-Energy Transition and Geoeconomic Fragmentation: Implications for Climate Scenario Design

November 28, 2023--Summary:
The transition to a low-carbon economy, which is needed to mitigate climate change and meet the Paris Agreement temperature goals, has been affected by the supply chain and energy supply disruptions that originated during the COVID-19 pandemic, the Russian invasion of Ukraine, and the subsequent energy crisis and exacerbation of geopolitical tensions.

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Middle Corridor* through Central Asia, Caucasus Can Boost Trade, Connectivity and Supply Chain Resilience, Says New Report

November 27, 2023-- With the right policies, the Middle Corridor linking Chinese and European markets via Central Asia and the Caucasus can invigorate regional trade and boost connectivity for countries along the route. The corridor can also provide resilience and route diversification for the China-Europe container trade, shielding countries and supply chains from geopolitical shocks, according to a new World Bank report released today.

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IMF Working Papers-Monetary Policy Design with Recurrent Climate Shocks

November 24, 2023--Summary:
As climate change intensifies, the frequency and severity of climate-induced disasters are expected to escalate. We develop a New Keynesian Dynamic Stochastic General Equilibrium model to analyze the impact of these events on monetary policy. Our model conceptualizes these disasters as left-tail productivity shocks with a quantified likelihood, leading to a skewed distribution of outcomes.

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White-label ETF provider agreement highlights Europe challenges

November 21, 2023--HANetf and Tidal have agreed to collaborate so their respective clients can launch ETFs in the US and Europe
An innovative tie-up between Europe's dominant third-party exchange traded fund platform and a giant of the US market has been heralded as a breakthrough paving the way to greater choice for investors on both sides of the Atlantic.

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Central Bank Digital Currency Development Enters the Next Phase

November 20, 2023--Many of the world's monetary authorities are seeking more guidance on how best to pursue digital forms of central bank money
Central bank digital currencies can improve payment systems as well as financial inclusion-if they are appropriately designed. If not, they could pose risks.

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Central Bank Digital Currency Development Enters the Next Phase

November 20, 2023--Many of the world's monetary authorities are seeking more guidance on how best to pursue digital forms of central bank money
Central bank digital currencies can improve payment systems as well as financial inclusion-if they are appropriately designed. If not, they could pose risks.

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Is FinTech Eating the Bank's Lunch?

November 17, 2023--This paper examines how the growing presence of FinTech firms affects the performance of traditional financial institutions. The findings point to a negative impact on profitability, primarily due to a reduction in interest income and a rise in operational costs.
Although established financial institutions have tried to diversify their revenue streams, these efforts have proven inadequate to offset the losses associated with increased competition from FinTech firms.

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Report finds strong expansion of global value chains but warns of increased vulnerability

November 16, 2023--Global value chains (GVCs) continued to expand in 2022, as indicated by the growing share of foreign inputs in exports and the increasing participation rates of economies worldwide. This bodes well for spreading the benefits of trade to more firms, workers and developing economies, according to the GVC Development Report 2023 issued on 16 November.

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Climate Change is Disrupting Global Trade

November 15, 2023--Panama's drought shows how trade disruptions from climate extremes can reverberate around the world
Around 1,000 ships pass through the Panama Canal each month carrying a total of over 40 million tons of goods-about 5 percent of global maritime trade volumes.

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Investors miss out on sugar rush as they flee commodities ETFs

November 13, 2023--WisdomTree's director of macroeconomic research, Aneeka Gupta, acknowledged that investors seemed to have lost out on the rise in the price of sugar and may not buy back in.

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Conflict in Middle East Could Bring 'Dual Shock' to Global Commodity Markets

October 30, 2023--October 30, 2023--Impact limited so far but energy-market turmoil could intensify food insecurity
Although the global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock, an escalation of the latest conflict in the Middle East-which comes on top of disruptions caused by the Russian invasion of Ukraine-could push global commodity markets into uncharted waters, according to the World Bank's latest Commodity Markets Outlook.

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